Coca-Cola Consolidated (NASDAQ:COKE) Trading Down 5.5% - Here's Why

Key Points

• Coca-Cola Consolidated shares fell 5.5% on Monday to about $190.39 (intraday low $190.00) with 433,772 shares traded, slightly below the average session volume.
• Analyst sentiment remains positive: Weiss Ratings reaffirmed a "Buy" and MarketBeat shows an average rating of "Buy" for the stock.
• Solid recent results and a small dividend: market cap ~$12.62B and PE 27.83; last quarter EPS was $2.11 on $1.90B revenue with a $0.25 quarterly dividend (annualized $1.00, yield ~0.5%).

Coca-Cola Consolidated, Inc. (NASDAQ:COKE - Get Free Report) shares fell 5.5% on Monday . The company traded as low as $190.00 and last traded at $190.3910. 433,772 shares changed hands during mid-day trading, a decline of 9% from the average session volume of 474,265 shares. The stock had previously closed at $201.45.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Coca-Cola Consolidated in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Coca-Cola Consolidated has an average rating of "Buy".

Coca-Cola Consolidated Stock Performance

The firm has a 50 day moving average of $176.12 and a two-hundred day moving average of $153.61. The stock has a market cap of $12.62 billion, a PE ratio of 27.83 and a beta of 0.60. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 0.97.

Coca-Cola Consolidated (NASDAQ:COKE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $2.11 EPS for the quarter. Coca-Cola Consolidated had a net margin of 7.89% and a return on equity of 66.42%. The company had revenue of $1.90 billion for the quarter.

Coca-Cola Consolidated Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 23rd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, January 23rd. Coca-Cola Consolidated's dividend payout ratio (DPR) is 14.66%.

Institutional Investors Weigh In On Coca-Cola Consolidated

A number of institutional investors and hedge funds have recently bought and sold shares of COKE. Torren Management LLC acquired a new stake in shares of Coca-Cola Consolidated during the fourth quarter worth about $29,000. Morse Asset Management Inc purchased a new position in Coca-Cola Consolidated during the 4th quarter worth approximately $31,000. Quarry LP acquired a new position in Coca-Cola Consolidated during the third quarter worth approximately $25,000. Advisory Services Network LLC acquired a new position in Coca-Cola Consolidated during the third quarter worth approximately $25,000. Finally, Smartleaf Asset Management LLC lifted its stake in Coca-Cola Consolidated by 175.0% in the third quarter. Smartleaf Asset Management LLC now owns 220 shares of the company's stock valued at $26,000 after buying an additional 140 shares during the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Consolidated Company Profile

Founded in 1902 and headquartered in Charlotte, North Carolina, Coca-Cola Consolidated, Inc is the largest independent bottler of Coca-Cola products in the United States. The company manufactures, sells and distributes a broad portfolio of sparkling and still beverages under exclusive agreements with The Coca-Cola Company. Its brand lineup includes Coca-Cola, Diet Coke, Sprite and Fanta, as well as noncarbonated offerings such as Minute Maid juices, Gold Peak teas, Dasani water, Powerade sports drinks and vitaminwater.

Coca-Cola Consolidated's operations span 14 states and the District of Columbia across the Southeastern, South Central and Mid-Atlantic regions.

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